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Monday, 21 March 2016

NIFTY HITS TWO-MONTH HIGH OF 7700.....!!!!!!!!

“BUY
TTKPRESTIG ABOVE 4950 TGT 5000/5150 SL 4880”

This HOLI add colors
of profit in your trades. . ..!!!!Buy any 3 package (equity or commodity) @10000 pm.
To pay visit www.wealthwishers.com
, call on 918109066640 07225909997,
08109060248, and 08982086510The Sensex
advanced 333 points to close at 25,285 and Nifty rose 100 points to settle at
7704.Another reason for smart rally could be hopes of a rate cut in the
upcoming RBI monetary policy meet that is scheduled to be held on April 5.
Foreign institutional investors have bought more than Rs 1,700 crore worth of
shares last Friday, when the Sensex rallied 275 points. So far in March, they
made purchases of more than Rs 12,000 crore while domestic institutional
investors sold nearly Rs 8000 crore worth of shares. The government on Friday
cut interest rates for term deposits offered to millions of small savers after
the Reserve Bank of India reduced interest rates by 125 basis points last year.
Bank shares rose, tracking strong gains in bond markets. HDFC, HDFC Bank, ICICI
Bank, State Bank of India, Punjab National Bank, Bank of Baroda and Axis Bank
gained 1.5-3 percent. HUL topped buying list on Sensex, up 4 percent while Hero
Motocorp and BHEL declined over a percent. The Indian rupee opened marginally
up by 4 paise at 66.51/$ on Monday as against the previous close of 66.55/$. On
Friday, rupee traded on a firm note, helped by the buoyancy in equity markets
Persistent Systems Ltd stock was higher by 10% at Rs. 736. The company
announced it is working with IBM to improve and transform engineering
processes, integrating new specialized consulting services via the IBM Watson
Internet of Things (IoT) Platform to help engineers integrate massive amount of
data from the IoT into product development On the global front, European
markets also recovered after weak opening, tracking upside in oil prices.
Germany's DAX gained nearly a percent followed by France's CAC and Britain's
FTSE with 0.2 percent rise. Asian markets ended mixed with the China's Shanghai
rising 2.2 percent.